Seen this a few times - the funds try to buy in before the changes to the S&P indices are announced, so price actually falls on the reality.
MFG ran up a bit hard of late. Got a little ahead of itself by some measures. I know I always planned to start reducing once they hit $10bn in FUM, so maybe others have the same benchmark... it's much harder to double FUM from here and the $10bn is priced in.
However, still a solid stock and no real risk in holding it for the longer term, although a few months pullback and consolidation seems realistic here. Not sure what sentiment rating to put on this - short term sell, long term buy, medium term hold....
MFG Price at posting:
$7.10 Sentiment: Hold Disclosure: Held
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